1) Does the audit program only include the testing that is to be done?1 2) Is the audit program an overall audit program for the entire engagement or does the audit program have \"subsets\" for each area that we examine?1 3) What are the responsibilities of the client (an audit client)?1 4) How does the auditor determine the inherent risk, control risk, and detection risk of the client?1 Solution Answer – An audit programme is a detailed step wise plan to complete the audit work and it includes testing and procedures to be followed while verifying items of financial statements. Hence NO, audit programme does not include only testing to be done. Answer - No, Audit program is not only an overall program for the entire engagement, but also it covers objectives of each area. And it includes procedure and target time frame of each subset in order to comply with audit objectives. Answer – Some of the responsibilities of the audit client are like; compiling of financial statements along with disclosing and describing each components. wheather assets, obligations, and equities properly placed in financial statements. Client records show liabilities owed as of the balance sheet date. Answer – inherent risks involves material misstatement in financial statements. Some of major reasons are involvement of judgment and estimation / audit of a newly formed institution as compared to well established mfg concern. Where as Control Risk is the risk of a material misstatement in the financial statements arising due to absence or failure in the operation of relevant controls of the entity. Here organization fails to put adequate control in business. Detection Risk is the risk that the auditors fail to detect a material misstatement in the financial statements. This risks can be controlled by improving sampling and population sizes..